Sri Lanka calls for global coalition to tackle rising dollar

COLOMBO, Sri Lanka -- Sri Lanka on Tuesday called for a "coalition of the willing" to help stabilize free-falling emerging market currencies around the globe, as the beleaguered rupee slumped to fresh lows.

The island's currency bottomed out at a record-low 174.12 rupees to the dollar, resisting a slew of measures by policymakers to arrest its steady decline.

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